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FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed
(Reuters) - Most markets in the Middle East ended lower on Tuesday, with Egypt’s blue-chip index losing over 0.6%.
The Egyptian Stock Exchange was forced to suspend trading for half an hour after the EGX 100 index saw a 5 percent loss in value.
“The sharp fall came from individual investors’ trading activities, which pushed the EGX to incur significant losses on Monday. The main EGX index lost 2.4 percent, with all shares declining by over $1.1 billion in market value,” said Michael Stark, research analyst at Exness.
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QIIB position as leading bank enhanced: Sheikh Dr Khalid
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GCC investors trade cautiously ahead of US Fed announcement
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GTA announces partnership with Commercial Bank and QIIB
15 Mar 2021 - 8:17
Officials of GTA, Commercial Bank of Qatar and QIIB during the agreement signing ceremony.
The Peninsula
Doha: The General Tax Authority (GTA) has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Qatar and Qatar International Islamic Bank (QIIB) to facilitate the online payment methods between the banks and the General Tax Authority for the convenience of the taxpayers to assist them in paying taxes online using bank cards or direct transfer.
The two MoUs were signed at the headquarters of the General Tax Authority, Doha. The agreements were signed between Assistant President for Tax Affairs, GTA, Ghanim Khalifa Al Attiyah; EGM Government, Public Sector and Deputy Head of Wholesale Banking, Commerical Bank of Qatar, Khalifa Nasser Al Rayes, and Chief of Human Resources and Administration, QIIB, Ali Hamad Al Mesaifri.